“You’re going to have a financial panic of unprecedented proportions,” warns Jim Rickards, NY Times bestselling author, referring to the risks posed by stablecoins and unregulated digital assets enabled by the Genius Act. He points to Vietnam’s mandatory biometric IDs and mass account freezes as a “trial run” for centralized digital control, and cautions that similar systems could make it easy for governments to monitor, freeze, or confiscate money. “The time will come when people want their money back. The best definition of a financial crisis I’ve ever heard is everybody wants his money back,” he states, calling for a run on banks accelerated by AI. stablecoin holders, he explains, will sell treasuries to redeem their cash, potentially triggering a market freeze and unprecedented turmoil in the financial system. Chapters: 00:00 – Why the Genius Act gets so popular 08:28 – It’s not true that the world is dumping treasuries 10:31 – Fed holds more gold 14:40 – Threats from BRICS 21:54 – Why the Genius Act is a trial run 24:12 – Will we lose control of our money? 26:20 – What can investors do? 27:26 – Why Jim is against the Genius Act 28:27 – Political divide in the U.S. ✅ FREE RESOURCES Download The Private Wealth Playbook — a data-backed guide to strategically acquiring gold and silver for maximum protection, privacy, and performance. Plus, get Daniela Cambone’s Top 10 Lessons to safeguard your wealth (FREE) 👉 https://www.danireport.com/ 📞 SCHEDULE YOUR FREE STRATEGY CALL Talk to a senior analyst today and discover how to protect your future with physical gold and silver. 👉 https://calendly.com/itmtrading/500?u… or call 866-706-9061
Comment: I agree with Jim Ricards about Stablecoins backed by nothing. Sounds like a Federal Scam. That said BRICS Countries are Dumping the Dollar and Dumping U.S. Treasuries as U.S. leaders have Alienated everyone with their Dishonesty and Lack of Scruples. I honestly believe the U.S. will collapse anyways and Trump can’t stop it. Yes he is doing a desperate move to prevent a complete Dollar Collapse. But the Rothschild Black Nobility Fed has done too much damage and so has stealing Russia’s $300 Billion. The Best thing Trump can do is push through Glass-Steagall and let Wall Street Pay fro their own Gambling Debts in Derivatives. Sadly I’ll be surprised if this happens as they are part of the Same Cabal as the British Empire and Trump. They are in this together.
Foreign countries are not dumping Treasuries, really! I travel and live around the world as a U.S. expat. Foreign countries are dumping the Dollar and Treasuries. A line is forming around the block, of countries that want to join BRICS!
They are selling or not reinvesting maturing Treasuries and buying gold. There is no shortage of dollars. Gold is the major reserve asset Jim. Good on Daniela to correct Jim.
1:11 Vietnam, to be fair, closed accounts, they didn’t freeze them. The money was released in the cases that there was any. The overwhelming majority of the 86 million accounts were already inactive.
@branonlamphere9624
14 hours ago